Gold 3min Trading Pro [XAU/USD]

# Gold 3min Trading Pro [XAU/USD] - User Guide

## Overview
This is a professional scalping indicator specifically designed for Gold (XAU/USD) trading on 3-minute timeframes. It combines multiple technical analysis methods to provide high-probability entry signals for short-term trading.

## Key Features

### 1. Multi-Timeframe Trend Analysis
- **Major Trend**: Analyzes 15min, 1H, and 4H timeframes using moving averages
- **Short-term Trend**: Focuses on 3-minute price action and moving average alignment
- **Trend Strength**: Rated from 1-3 based on timeframe agreement

### 2. Core Indicators
- **RSI (9-period)**: Momentum oscillator for overbought/oversold conditions
- **Stochastic (9-period)**: %K and %D lines for entry timing
- **MACD**: Additional trend confirmation
- **Volume Analysis**: Detects volume spikes for signal validation
- **ATR-based Volatility Filter**: Ensures adequate market movement

### 3. Signal Types
- **Primary Signals**: Green triangles (LONG) and Red triangles (SHORT)
- **Enhanced Signals**: Stronger signals with multiple confirmations
- **Confirmation Signals**: Small circles for stochastic crossovers

## How to Use

### 1. Setup
- **Timeframe**: Use on 3-minute charts for Gold (XAU/USD)
- **Settings**: Default settings are optimized for Gold scalping
- **Session Filter**: Enable for London/New York sessions (recommended)

### 2. Entry Conditions

#### LONG Entry:
- Major trend is bullish (green background)
- Short-term trend is up or neutral
- RSI shows bullish momentum
- Stochastic indicates oversold recovery
- Volume spike confirmation
- Strong price action (bullish candle)

#### SHORT Entry:
- Major trend is bearish (red background)
- Short-term trend is down or neutral
- RSI shows bearish momentum
- Stochastic indicates overbought reversal
- Volume spike confirmation
- Strong price action (bearish candle)

### 3. Trade Management
- **Quick Target**: 50% of ATR-based calculation
- **Main Target**: Full ATR-based target
- **Stop Loss**: 60% of ATR below/above entry
- **Time Limit**: Exit if no progress within 20 bars (60 minutes)

### 4. Risk Management
- **Position Size**: Risk 1-2% of account per trade
- **Maximum Trades**: 3-5 trades per session
- **Avoid**: Low volatility periods and major news events

## Visual Elements

### Background Colors
- **Light Green**: Bullish major trend
- **Light Red**: Bearish major trend
- **Yellow**: Volume spike detected
- **Intense Colors**: Very strong trend alignment

### Chart Indicators
- **RSI Line (Blue)**: Main momentum indicator
- **Stochastic %K (Orange)**: Fast stochastic line
- **Stochastic %D (Yellow)**: Slow stochastic line
- **Horizontal Lines**: 70 (overbought), 30 (oversold), 50 (midline)

### Information Table (Top Right)
- Total signal count and performance statistics
- Current market conditions and trend strength
- RSI levels and volatility status
- Trading session information
- Last signal timing

## Alert System

### Standard Alerts
- **Scalp Long Signal**: Basic long entry signal
- **Scalp Short Signal**: Basic short entry signal
- **Premium Signals**: High-quality signals with strong confirmation
- **Trend Reversal**: Major trend change notifications

### Alert Setup
1. Right-click on chart → "Add Alert"
2. Select desired alert condition
3. Configure notification method (popup, email, webhook)
4. Set alert frequency to "Once Per Bar Close"

## Best Practices

### 1. Trading Sessions
- **Optimal**: London-NY overlap (3:00-5:00 PM EST)
- **Good**: London session (2:00-11:00 AM EST)
- **Avoid**: Asian session and major news releases

### 2. Market Conditions
- **Best**: Trending markets with normal to high volatility
- **Moderate**: Ranging markets during active sessions
- **Avoid**: Extremely low volatility or choppy conditions

### 3. Confirmation Rules
- Wait for signal triangle to appear
- Check that major trend aligns with signal direction
- Verify volume spike (yellow background)
- Ensure volatility is adequate (check info table)

### 4. Entry Timing
- Enter immediately after signal confirmation
- Use market orders for scalping speed
- Set stop loss and take profit levels immediately

## Settings Customization

### Essential Settings
- **MA Type**: EMA (recommended) or SMA
- **RSI Length**: 9 (default, can adjust 5-14)
- **Volume Threshold**: 1.8 (higher = fewer but stronger signals)
- **Volatility Filter**: Keep enabled for better signal quality

### Display Options
- **Show Scalping Signals**: Main entry signals
- **Show Performance Stats**: Information table
- **Show Trend Filter**: Background trend colors
- **Use Time Filter**: Session-based filtering

## Performance Optimization

### 1. Backtesting Tips
- Test on different market conditions
- Analyze win rate and average profit/loss
- Adjust settings based on historical performance

### 2. Signal Quality
- Higher trend strength (2-3) = better signals
- Volume confirmation improves success rate
- Enhanced signals have higher probability

### 3. Risk Control
- Never risk more than 2% per trade
- Use proper position sizing
- Stop trading after 3 consecutive losses

## Troubleshooting

### Common Issues
1. **No Signals**: Check volatility filter and session timing
2. **Too Many Signals**: Increase volume threshold or enable filters
3. **Poor Performance**: Verify timeframe (must be 3-minute) and symbol (XAU/USD)

### Support
- Ensure TradingView Pro+ subscription for multi-timeframe data
- Verify Gold symbol matches your broker's format
- Update to latest TradingView version

This indicator is designed for experienced traders familiar with scalping techniques and risk management. Always practice on demo accounts before live trading.